Graphite One Secures $5 Million Investment from Doyon and Aleut Corporations

Graphite One Secures Strategic Investments from Doyon Limited and Aleut

Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF), a company focused on establishing a domestic supply chain for advanced graphite materials, recently announced the closing of a $5 million strategic investment from two Alaska Native corporations, Doyon Limited and Aleut. This investment marks a significant step towards developing the Graphite Creek Deposit, a critical mineral resource that is integral to the future of clean energy technologies.

The investment comprises a non-brokered private placement of 8,514,024 units priced at CDN$0.82 each, which includes one common share and one warrant per unit. The warrants allow the holders to purchase additional shares at a price of CDN$1.03, valid for three years from the closing date. Subject to final approval from the TSX Venture Exchange, these funds will primarily support environmental studies and permitting activities at the Graphite Creek property, alongside general corporate purposes.

Doyon Limited's Perspective

Aaron Schutt, the President and CEO of Doyon Limited, emphasized that this investment is more than just financial backing; it's a commitment to Alaska's future. With decades of experience in resource development, Doyon is eager to contribute to the advancement of the Graphite Creek Critical Minerals Project, which is poised to play a pivotal role in the local economy.

Aleut's Commitment to Sustainability

Skoey Vergen, CEO and President of Aleut, mirrored this sentiment, expressing pride in supporting a project that aligns with their commitment to renewable energy. He highlighted graphite's essential role in the transition to sustainable energy solutions and reiterated the potential economic benefits for their shareholders and the wider Alaska community.

Graphite One's Ambitious Supply Chain Strategy

Graphite One is positioning itself as a key player in the lithium-ion battery market with its integrated strategy to produce anode materials primarily sourced from its proposed graphite mine in Alaska. The company aims to establish a manufacturing facility in Warren, Ohio, that will process the natural graphite mined at Graphite Creek. According to the U.S. Geological Survey, this site is already recognized as the largest natural graphite deposit in the U.S. and one of the largest in the world.

In addition to the recent investments, Graphite One is in discussions for potential loans from the Export-Import Bank (EXIM Bank), totaling up to $895 million, to support infrastructure development for mining and manufacturing operations. This funding will be crucial in fulfilling Graphite One's goal of becoming a leading domestic producer of high-grade graphite materials, fulfilling both U.S. market needs and contributing to global sustainability initiatives.

Gratitude and Future Prospects

Anthony Huston, Graphite One’s President and CEO, expressed deep appreciation for the investment from Doyon and Aleut, which joins Bering Straits Native Corporation as part of their investment group. This unique cooperation between three Alaska Native Regional Corporations is a first for a critical mineral project, demonstrating strong community support and shared vision for responsible development.

As Graphite One moves forward, it remains committed to transparent and community-focused operations that prioritize environmental stewardship alongside economic growth. The company views the development of Graphite Creek as a model for responsible resource management that could serve as a benchmark for future projects across Alaska and beyond.